PVR complains to Sebi against Screwvala, says his tweets on levy false

On March 19, Screwvala had moved the CCI against multiplexes for charging VPF, which, he said, was a significant contributor to revenue and profitability of multiplex chains

PVR has written to the Securities and Exchange Board of India (Sebi), stating that the statements made by media veteran Ronnie Screwvala about virtual print fee (VPF) — the charge levied by film exhibitors — had resulted in volatility in its stock price. 

In the letter dated April 4, PVR said Screwvala’s statements were slanderous and malicious and had misled analysts as well as investors. 

On March 19, Screwvala had moved the Competition Commission of India (CCI) against multiplexes for charging VPF, which, he said, was a significant contributor to revenue and profitability of multiplex chains. 

VPF is typically levied on film distributors